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Over $3.5 trillion in the Social Security Trust by 2018
"The combined assets of the OASI and DI Trust Funds are projected to increase... to $3,556 billion at the beginning of 2012." [p. 2]
"The balance of the combined trust funds peaks at $2.3 trillion in 2017 (in present value)." [p. 10]
"The "cost rate ... first exceeds the income rate in 2018." [p. 8]
Citations from The 2003 Annual Report of the Board of Trustees of ... [SSI] (PDF)
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$2.3 trillion in 'present value' means over $3.5 trillion in 2018
$2.3 trillion in 'present value' means that if you put $2.3 trillion in the bank now it would grow to over $3.5 trillion by 2017. This value is confirmed on p. 2: "The combined assets of the OASI and DI Trust Funds are projected to increase ... to $3,556 billion at the beginning of 2012." Since 2017 is the projected peak year, the combined assets would no doubt be even greater, but a more conservative present value approach is used instead of taking the actual dollar value in the peak year.
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Overflow (not-Z'd): Improve & promote, delete, or just keep
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http://zfacts.com/p/352.html | 01/18/12 07:25 GMT
Modified: Mon, 17 Apr 2006 18:32:57 GMT
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